Signaturefd LLC Boosts Holdings in NICE Ltd. (NASDAQ:NICE)

Signaturefd LLC raised its stake in shares of NICE Ltd. (NASDAQ:NICE) by 11.6% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 1,257 shares of the technology company’s stock after buying an additional 131 shares during the period. Signaturefd LLC’s holdings in NICE were worth $251,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of NICE. AE Wealth Management LLC lifted its holdings in NICE by 48.9% in the third quarter. AE Wealth Management LLC now owns 2,379 shares of the technology company’s stock valued at $404,000 after acquiring an additional 781 shares during the period. Exchange Traded Concepts LLC boosted its holdings in NICE by 92.3% during the third quarter. Exchange Traded Concepts LLC now owns 5,028 shares of the technology company’s stock worth $855,000 after buying an additional 2,414 shares in the last quarter. Clarius Group LLC increased its holdings in NICE by 7.2% in the third quarter. Clarius Group LLC now owns 1,353 shares of the technology company’s stock valued at $230,000 after buying an additional 91 shares in the last quarter. Harbor Capital Advisors Inc. acquired a new position in shares of NICE in the third quarter worth about $320,000. Finally, Commonwealth Equity Services LLC boosted its stake in shares of NICE by 8.9% during the 3rd quarter. Commonwealth Equity Services LLC now owns 8,528 shares of the technology company’s stock worth $1,450,000 after acquiring an additional 694 shares in the last quarter. Institutional investors and hedge funds own 63.34% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently weighed in on NICE shares. Citigroup lifted their price target on NICE from $283.00 to $334.00 and gave the company a “buy” rating in a research note on Wednesday, February 21st. Northland Securities assumed coverage on NICE in a research note on Tuesday, January 30th. They set an “outperform” rating and a $300.00 target price for the company. Wedbush lifted their price target on shares of NICE from $230.00 to $270.00 and gave the company an “outperform” rating in a research note on Friday, February 23rd. JMP Securities reissued a “market outperform” rating and issued a $343.00 price target on shares of NICE in a report on Friday, February 23rd. Finally, Royal Bank of Canada increased their price objective on shares of NICE from $238.00 to $285.00 and gave the company an “outperform” rating in a report on Friday, February 23rd. Thirteen research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of $291.00.

NICE Price Performance

NICE stock opened at $225.48 on Friday. The company has a fifty day simple moving average of $241.56 and a 200-day simple moving average of $209.20. The firm has a market capitalization of $14.18 billion, a price-to-earnings ratio of 44.30, a PEG ratio of 2.04 and a beta of 1.02. The company has a quick ratio of 2.06, a current ratio of 2.06 and a debt-to-equity ratio of 0.14. NICE Ltd. has a 52-week low of $149.54 and a 52-week high of $270.73.

NICE (NASDAQ:NICE) last announced its quarterly earnings data on Thursday, February 22nd. The technology company reported $2.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.26 by $0.10. NICE had a net margin of 14.23% and a return on equity of 13.29%. The company had revenue of $623.20 million during the quarter, compared to analysts’ expectations of $616.83 million. During the same quarter in the prior year, the company earned $1.40 EPS. NICE’s revenue was up 9.6% compared to the same quarter last year. On average, equities analysts anticipate that NICE Ltd. will post 8.21 EPS for the current fiscal year.

NICE Profile

NICE Ltd., together with its subsidiaries, provides cloud platforms for AI-driven digital business solutions worldwide. It offers CXone, a cloud native open platform; Enlighten, an AI engine for the customer engagement market; and smart self service enable organizations to address consumers' needs; and journey orchestration solutions that empower organizations to connect and route customers to deal with the customer's request, and connects them using real time AI-based routing.